Are you looking for investment opportunities at the Cal Bank in Ghana? Then this guide is for you. In today’s guide, we shall discuss comprehensively all that you need to know about CalBank investment in Ghana.
Not only does Cal Bank seeks to grow and sustain its business, but it also seeks to provide customers with financial freedom, which will, in effect, help build the country as a whole.
With this aim of financial inclusion and freedom at the backbone of their dealings with customers in Ghana, it has instituted more than one investment opportunity for its customers to choose from.
These investment packages offered by Cal Bank in Ghana create an all-inclusive platform.
This means irrespective of your income.
You can start investing with any Cal Bank branch in Ghana and grow your money.
Cal Bank investment is characterized as having feasible terms, marginal interest rate, and how to moderate initial minimum deposit.
Let’s now discuss in detail what these investment packages at CalBank are in Ghana.
What Is CalBank Investment
This refers to all the opportunities aligned by Cal Bank for its customers to save and increase their money with them.
All Cal Bank investment packages have interest rates assigned to them.
Type Of Cal Bank Investment
The following are all the types of investment available at Cal Bank in Ghana:
• Cal Bank Investment Plus Account (CIP)
• Cal Bank Super SAVE Account
• Fixed Deposit Account
• Treasury Bills
• Home Invest Account
We shall tackle only two of these above investment packages available at Cal Bank in this guide, that is the Cal Bank Invest Plus Account (CIP) and Cal Bank Super SAVE Account.
Requirements To Investment With CalBank In Ghana
The following are the requirements to get an investment with Cal Bank in Ghana:
• You need to have an account with Cal Bank
• Proof of identification by a valid National identification card
• A passport-sized photograph
• A minimum amount for starting your investment
All the above-listed information are the general requirements for purchasing an investment with CalBank.
With the requirements known, let us now discuss some essential parameters about all the Investment packages available at Cal Bank Ghana.
Let’s start with the Cal Bank Invest Plus Account ( CIP)
What Is Cal Bank Invest Plus Account
It is distinct investment packages coupled with high investment benefits and sustainable to address the needed customers.
The Cal Bank InvestPlus Account is characterized as the right place to address your short-term financial needs.
For you to purchase the CalBank InvestPlus Account, you need to first have an account with Cal Bank.
It attracts no fee if you want to withdraw partial or the whole amount.
What Is The Minimum Amount To Open Cal Bank InvestPlus Account
The minimum amount required to activate (CIP) is GHS50.
This means it has a very low initial requirement.
With just GHS50.00 in your Cal Bank InvestPlus account, you start earning interest on your account.
How Much Is The Interest Rate On CalBank InvestPlus Account
The interest rate for the CalBank InvestPlus account is defined on a daily basis, and this means it can rise or fall depending on the local market condition.
There is no fixed rate for (CIP) as of now.
The minimum interest rate starts at 10.5% and 5.5% for selling and buying respectively per annum, whiles the maximum rate starts at 13.85% for selling and buying, respectively.
I will therefore entreat you to make inquiries about the stands of the CIP rate before purchasing.
You can make inquiries by contacting Cal Bank Treasury on:
There is an opportunity to disinvest your account, and this disinvestment attracts no penalty.
What Is The Maximum Duration For Cal Bank InvestPlus
The maximum duration is twelve (12) months.
This means you cannot exceed 12 months with your CIP usage.
This 12 month is its maturity period.
All your money can be withdrawn at the end of the twelve months.
Can CalBank Investment Be Purchased In Foreign Currency
No, Cal Bank does not allow Investment to be purchased in foreign currency.
The only currency which investment amount at Cal Bank in Ghana can operate with is Ghana cedi ( GHS )
What Is Cal Bank Super Save Account
This is also a special Investment instrument to address clients’ economic needs.
It usually has an interest rate that is above the regular savings rate.
It offers its holders flexible and diverse maturity options, and the account can be automatically operated again after the maturity period, providing you do not end the investment plan.
How Long Does Cal Bank Super Save Account Take
This investment account has an investment period ranging from at least three (3) months and reaching six (6) months, then finally to its maximum duration, which is twelve (12) months.
Minimum Account For CalBank Super Save Account
The minimum amount to start earning interest on Cal Bank super Save account is GHS1000.00 Which means you cannot operate this investment product if your initial minimum balance falls below GHS1000.00.
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